Senators Gallego and Tillis Finalize Ethical Counterproposal for CLARITY Act
Senators Ruben Gallego and Thom Tillis are finalizing a bipartisan ethical counterproposal regarding the CLARITY Act, aiming to submit it to the White House within days.
This counterproposal addresses the ethical provisions previously proposed by Republicans, which Democrats believe are insufficiently serious. Both sides are negotiating stricter ethical restrictions related to digital assets.
The final text of the legislative ethical provisions will directly impact the smooth advancement of the CLARITY Act, with funding and lobbying resources leaning towards the regulatory framework, benefiting the crypto and digital asset industry that seeks clear rules, while the ongoing legislative process faces pressure from uncertainty.
Source: Public Information
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The CLARITY Act, as a core piece of legislation for the U.S. digital asset market structure, has already passed in the House of Representatives, with ethical provisions becoming a key point of contention in the Senate; Gallego, as a key Democratic negotiator, is collaborating with Republican Tillis to propose a counterproposal, indicating that both sides are still seeking a compromise text acceptable to the White House.
On the capital front, ethical provisions directly relate to the boundaries of conflicts of interest for public officials and digital assets, and clear rules can reduce compliance uncertainty in the industry, accelerating institutional capital entry; delays will continue to suppress the rollout of certain products and investment decisions, concentrating resources on lobbying and policy communication.
A similar path can be seen in the repeated negotiations during the GENIUS Act stablecoin legislative process: key contentious provisions are often finalized through bipartisan small-scale negotiations in the final stages. The current CLARITY Act is still in the "final text completion + political window competition" phase.
Essentially, this is a regulatory change: as digital asset legislation approaches its conclusion, ethical provisions become the focal point of the final negotiations, and subtle adjustments to the rules will redistribute industry access and political risk pricing rights.
ABAB News · Cognitive Law
- The last mile of legislation often gets stuck on ethical provisions.
- Bipartisan counterproposals are a common tool to break the deadlock.
- Once the rules are submitted to the White House, market pricing will react in advance.